Taxes Consolidation Act 1997 section 235A

Exemption for certain sporting national governing bodies

Section 235A provides a tax exemption for income of certain national governing bodies (NGBs) for sport, Olympic Federation of Ireland, and Paralympics Ireland, where the income is applied to qualifying projects within ten years.

• Recognised NGBs, Olympic Federation of Ireland, and Paralympics Ireland can accumulate income tax-free for up to ten years, provided it is spent on approved qualifying projects such as capital works, equipment, elite athlete support, and programmes for women and people with disabilities in sport.
• The maximum amount of income that can be held under this exemption is €100 million; any income in excess of this amount does not qualify for the exemption.
• To qualify, an NGB must be recognised by Sport Ireland, hold "Type C" governance status, be approved by the Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, hold a valid tax clearance certificate, and be an approved body of persons under section 235.
• DIRT paid on deposit interest earned by a relevant NGB on funds ring-fenced for qualifying projects is refundable.